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Bottom-Up Planning Approach Drives Profitability for Childhood Education Provider

Knowledge Universe Empowers Financial Management at Individual Locations

  • Knowledge Universe oversees hundreds of childhood education centers and programmes across the country. The nature of its business requires a bottom-up approach to planning. The company also desired a performance salutation geared towards the main budget users: childcare center principals. Adaptive Insights made financial reporting easy to create and understand, as well as enable a small FP&A department at the corporate level to produce monthly rolling forecasts and drive overall planning. In addition, Adaptive Insights’ drill-down data capabilities applied to figures imported from NetSuite, the company’s ERP, and accounting system. Dashboards enable principals at childcare centers to run operations and drive business.

    Challenges

    • Budget users lack financial background
    • Desired bottom-up control in planning process to drive profitability
    • Needed seamless source integration with NetSuite

    Results

    • Efficient reporting led to greater understanding of financials
    • Empowering principals at the childcare centers with the data to run business
    • Enables small FP&A department to drive and design planning
  • About:

    Knowledge Universe® is the largest private provider of early childhood education and care in the nation, werving 130,000 children every day, at over 2,000 KinderCare, CCLC, and Champions centers.

    Location:
    Portland, OR
    Industry:
    Higher Education